This course will introduce the student to the basic concepts and theories of macroeconomy, which are vital for every successful manager. The course will enable students in measuring economic variables such us GNP and its components, inflation, unemployment, money supply, balance of payments, exchange rates. In addition to this, it will analyze the aggregate demand – aggregate supply model, the concept of the multiplier and the business cycle.
Students will be able to identify the tools of monetary and fiscal policies, understand their effect on the economy and appreciate the significant role of the Central Bank. At the end of the course, understanding will be built on the importance of the balance of payments, international trade and how the value of the foreign exchange is determined.
The course consists of one multiple choice quiz carrying a weight of 100% towards the final course grade. In order to successfully complete the course and obtain your certificate you need to achieve an overall grade of 50% or above at the quiz.
Week 1: Introduction to Macroeconomics
Week 2: The aggregate Demand & Aggregate Supply model
Week 3: Fiscal and Monetary policies
Week 4: The Balance of Payments and the Exchange Rate